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Forex: AUD/USD on the rise again, eyes on 1.0400

FXstreet.com (Barcelona) - The Australian dollar is hovering over 1.0370/75 on Tuesday, recovering ground from Monday’s sharp sell-off that dragged the cross to sub 1.0300 level at the end of the NA session.

Against the backdrop of the RBA minutes released today, Analyst David De Garis at NAB commented “NAB continues to expect that the RBA will cut rates again in this cycle and
that given the run of data to date and impending releases, the June Board
meeting for us remains the next most probable date”.

The cross is now gaining 0.56% at 1.0370 with the next support at 1.0332 (low Mar.18) followed by 1.0300 (low Mar.12).
On the upside, a break above 1.0397 (MA200d) would the target 1.0425 (hourly high Apr.15).

Forex: USD/JPY rebounding after 95.83 low

Following its lowest price, at 95.83, following the terrorist attack in Boston, the USD/JPY bounced back to 97.00 area during the Asian session. The market reached as high as 97.71, and as investors get ready for the European session, the pair is climbing the chart again back to those highs.
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Forex: USD/CHF above 0.9300

The USD/CHF printed its higher mark of the day at 0.9320 during the Asian session and has been giving in to the downside since, breaching below the 0.9300 handle and finding its low at 0.9290. Still, the pair is not far from where it closed yesterday, around the psychological level, and is attempting to move higher.
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